Mississippi Sample Letter for Closing of Estate with no Distribution

State:
Multi-State
Control #:
US-0683LTR
Format:
Word; 
Rich Text
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This form is a sample letter in Word format covering the subject matter of the title of the form.

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Probate Court] [Address] [City, State, ZIP Code] Re: Estate of [Deceased's Full Name], Deceased Probate Case No: [Probate Case Number] Dear [Probate Clerk's Name], I hope this letter finds you well. I am writing to request the closing of the estate of the late [Deceased's Full Name]. As the executor/personal representative of the estate, I have diligently fulfilled all my responsibilities and now seek the finalization of the probate proceedings. I hereby affirm that to the best of my knowledge, information, and belief, no distribution of assets from the estate has occurred during the probate process. The detailed accounting of the estate's assets and liabilities has been thoroughly reviewed and properly verified. Furthermore, no legitimate claims have been filed by creditors against the estate, as confirmed through diligent efforts made to notify potential claimants. Additionally, I have ensured that all necessary taxes, including estate taxes, if applicable, have been filed and paid in full within the required timeframes. A copy of the estate's final tax return, along with the corresponding tax clearance certificates, is enclosed for your reference. Given the above circumstances, I kindly request the probate court's approval of the Final Report and Accounting, officially marking the closing of the estate without distribution. The filing fee for this request is enclosed herewith, as required by law. I have attached the following documents for your review and consideration: 1. Final Report and Accounting 2. Written consent and waivers from all interested parties, if applicable. 3. Executor's/Personal Representative's Affidavit affirming no distribution of assets. 4. Proof of notification to potential claimants. 5. Receipts for all administration expenses and executors' fees paid or incurred. 6. Copy of the deceased's Last Will and Testament along with any codicils. Please let me know if any additional documents or information are required to facilitate the closing of the estate. I understand that the court's confirmation and formal closure of the probate proceedings are necessary to relieve me of my fiduciary duties. Thank you for your attention to this matter. I look forward to receiving the court's decision regarding the closing of the estate as soon as possible. If you require any further information, please do not hesitate to contact me at [Phone Number] or [Email Address]. Yours sincerely, [Your Name] [Executor/Personal Representative of the Estate] [Probate Case Number]

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FAQ

The Mississippi probate attorney presents a Petition to Close the estate at a hearing at the Chancery Court. Usually the heirs to the estate are in agreement with the distribution of estate assets and will sign a Waiver and Joinder to the Petition to Close.

In Mississippi, creditors have 90 days to submit claims against the estate, so probate takes a minimum of three months. To make matters worse, the average estate in the US takes a full year and a half to finally distribute the inheritance money to the heirs.

The executor or administrator of the estate is responsible for notifying creditors of the deceased person's death. Creditors have a certain time frame, typically 90 days from the date of first publication of notice to creditors, to file their claims for payment. If the estate has enough assets, the debts are paid.

(1) Letters of administration shall be granted by the chancery court of the county in which the intestate had, at the time of his death, a fixed place of residence; but if the intestate did not have a fixed place of residence, then by the chancery court of the county where the intestate died, or that in which his ...

A person's will usually names a person to serve as executor of his or her estate. But in an intestate estate, the court must appoint someone to serve as administrator. The spouse is given preference, but the court will appoint others if the spouse delays in administering the estate.

You can use an Affidavit in Mississippi, rather than go through a full probate, only if an estate is worth less than $12,500 and there is no bank account or Will. Mississippi also allows for a summary probate procedure for estates worth less than $500.

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Compel a Distribution – If at least 6 months have passed from the date that letters of administration or letters testamentary were issued, the heir can petition ... The Mississippi probate attorney presents a Petition to Close the estate at a hearing at the Chancery Court. Usually the heirs to the estate are in agreement ...Sep 26, 2022 — ... to close the estate and distribute the assets among the beneficiaries. This is accomplished by a petition, often followed by a hearing, then ... Enter the total estimated tax payments the estate or trust made before filing the 2016 Mississippi tax return plus any amount credited from the 2015 tax return. The Personal Representative is required to file a petition for final distribution or a verified report on the status of the estate within one year after Letters ... The second way to close the estate is to file a Waiver of Final Settlement ... No claims against the estate may be filed after the 60 days have expired. Certified copies of Letter may be obtained from the Court. Administrator for $10.00 each. P.R. may NOT sell, encumber, lease or distribute real estate for 30 ... I. GENERAL. A. Accounts must be filed with the Commissioner of Accounts. Ask the Commissioner how many copies are required to be filed. PR-1815. Estate Receipt (Informal and Formal Administration). To acknowledge receipt of distribution or payment from the estate. 11/21/2019 ; PR-1816. Statement ... I. GENERAL. A. Accounts must be filed with the Commissioner of Accounts. Ask the Commissioner how many copies are required to be filed.

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Mississippi Sample Letter for Closing of Estate with no Distribution